IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond. 

Mohammad Jahangir has joined Rupali Bank in the post of managing director and chief executive officer yesterday.

RFL Group yesterday launched three new kitchen sink models, made of stainless steel and designed to cut use-generated noise, priced between Tk 1,400 and Tk 4,200. 

Transcom Electronics Limited (TEL), a leading retailer and distributor, has launched a new branded television in Bangladesh in partnership with Chinese electronics company TCL.

Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said yesterday.

Berger Paints Bangladesh recently won the “Asia’s Best Employer Brand 2022” award of the World HRD Congress at Pan Pacific, Marina Square in Singapore.

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday signed an agreement with Sustainable Textile Initiative: Together for Change (STITCH) to work together for ensuring fair prices from buyers in the knitwear sector. 

Optimum Solution & Services Ltd has received a licence from the Bangladesh Bank to operate as a payment system operator.  

Apple Inc plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from the typical six to nine months for previous launches, Bloomberg News reported on Tuesday.

Bangladesh General Insurance Company has re-appointed its managing director (MD) for another three-year term for the fourth consecutive time.

Opec stands ready to cut output to correct a recent oil price decline driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply, Opec’s leader Saudi Arabia said on Monday.

Trendy Textiles Ltd, a local company,  will invest $38.99 million to establish a knit composite textile factory in the Dhaka Export Processing Zone (EPZ).

Shepherd Industries Ltd is going to amalgamate with its sister concern Shepherd Textile BD Ltd (STBL). 

Online grocery platform Chaldal has raised Tk 5 crore in funding from Startup Bangladesh, the first government-backed and flagship venture capital fund. 

Mahtab Uddin Ahmed, a former chief executive officer of Robi Axiata Ltd, has filed a lawsuit against the telecom operator, its board chairman and former group CEO seeking Tk 227 crore in retirement benefits and compensation for ‘wrongful dismissal’. 

Mobile financial service Nagad launched a campaign yesterday offering customers who have not topped-up their accounts after December 31, 2021 a Tk 10 cashback on a Tk 20 recharge or 1 GB of internet data at only Tk 10. 

Fareast Finance & Investment Ltd posted losses in the year that ended on December 31, 2020.    

RFL Group recently organised a dealer conference in Dubai of the United Arab Emirates .

Standard Chartered Bangladesh was recently named “Market Leader” in Bangladesh for corporate social responsibility (CSR) in a survey key banking categories and markets by financial publication Euromoney.   

Al-Arafah Islami Bank has donated 147 computers to International Islamic University Chattogram (IIUC) as a part of its corporate social responsibility for setting up a “Computer Vision and Intelligent System Laboratory”.